Some relief for more than a million beleaguered homeowners appears to be at hand, as New York and California will join just about all the other states in a $26 billion foreclosure settlement with the nation's largest banks, according to a person familiar with negotiations.
Lawmakers lifted the curtain Tuesday on a 2011 spending plan that will slash nearly $40 billion -- cutting back on a wide range of programs and services including high-speed rail, emergency first responders and the National Endowment for the Arts.
A federal probe investigating five large mortgage servicers has found some improper foreclosures, but officials have yet to find systemic, "structural" problems with processing, according to the U.S. Housing Secretary.
Owners of private waterfront property don't have title to beachfront land restored by the state, the U.S. Supreme Court ruled Thursday in a case that pitted resort-town homeowners against Florida conservation officials.
John Hantz is a wealthy money manager who lives in an older enclave of Detroit where all the houses are grand and not all of them are falling apart. Once a star stockbroker at American Express, he left 13 years ago to found his own firm. Today Hantz Financial Services has 20 offices in Michigan, Ohio, and Georgia, more than 500 employees, and $1.3 billion in assets under management.
The government is delaying legal action against Pennsylvania landowners who haven't yet agreed to sell their land for a memorial to victims of United Airlines Flight 93 on September 11, 2001, federal officials said Friday.
A chain link fence now stands between Tim Lambert's land and the impact site of United Airlines Flight 93, which crashed here on September 11, 2001. The property has been in Lambert's family for almost 80 years.
Mortgages insured by the Federal Housing Administration can be a lifeline for low-income or high-risk borrowers. These loans have tiny down-payment requirements, competitive rates and easy credit-score hurdles.
The sports complex that Alaska Gov. Sarah Palin's supporters call her most visible legacy as mayor of her hometown left the town paying inflated prices for the land and huge legal bills, according to court records.
As in Rome and Athens, ancient relics in Beijing stand in stark contrast to the highways, buildings and vehicles of the modern age. At Beijing's Jianguomen, the fortification-like Ancient Observatory -- dating from 1442 during the Ming Dynasty -- dodges the overpasses of the Second Ring Road while standing within steps of a subway station.
Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.
Before following his father into the property business, Minoru Mori dreamed of becoming a novelist. So when he returned from an October 1993 visit to Shanghai talking excitedly of a plan to construct the world's tallest building on the impoverished east side of the city's Huangpu River, rivals in Tokyo snickered that Mori had rekindled his interest in fiction.
There was some last-minute drama in Washington before yesterday's release of the long-awaited report by Independent Counsel David Barrett. Sources close to the three-judge panel overseeing the report say that the panel's members were furious about leaks to the press previewing the report's contents. The report, detailing an organized attempt by Clinton administration officials to shut down an Internal Revenue Service investigation into possible tax violations by President Bill Clinton's secretary of housing and urban development Henry Cisneros, was to be released at 9:00 a.m. Thursday. The day before, late in the afternoon, word went out from the judges to the Independent Counsel's office that the release would be delayed.